Morgan Stanley Smith Barney

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Morgan Stanley Smith Barney Reviews in New York City, NY

Updated Jul 23, 2014
All Employees Current Employees Only

3.0 105 reviews

60% Approve of the CEO

Morgan Stanley Smith Barney President Greg Fleming

Greg Fleming

(40 ratings)

53% of employees recommend this company to a friend

Review Highlights

Pros
  • Additionally, the hours are extremely good and able to maintain a great work life balance(in 11 reviews)

  • Good benefits/PTO, fast-paced learning environment, great advisors(in 21 reviews)


Cons
  • There is a disconnect between the companies desire for Financial Advisor Associates to succeed and their actions(in 19 reviews)

  • Invariably, unless you are part of a team you will not make it through the training program(in 13 reviews)

105 Employee Reviews Back to all reviews
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    1 person found this helpful  

    Mixed bag working for IT at MS

    IT Associate (Current Employee) New York, NY

    ProsThere are some very talented and brilliant people at Morgan Stanley... it is a great place to learn and grow. Like any large corporation, it can be a great place to work, if you work for/with great people. They do foster an environment where mobility is encouraged; I know of several people who have been there for 15+ years in various roles over time.

    ConsTheir HR pamphlet speaks of a "work/life balance" that the company supposedly promotes. In reality, in IT I have not seen that balance, particularly among infrastructure teams. I have seen people work 20+ hour weekend shifts with no sleep breaks. Also, it is very common in IT (more often than not) that people get promoted but do not get the salary bump to match it. Also, year-end bonuses in IT have been few and far between, and not very generous. I have seen many talented people leave for greener pastures at other companies.

    Advice to Senior ManagementCompensate your talented people.

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    Fantastic learning experience in how persistence and patience pays off.

    Wealth Management (Former Employee) New York, NY

    ProsGreat connections that will help you out if you put your heart and soul into what you do. People pick up quickly on how hard of a worker you are and will reward you for it.

    ConsLarge and relatively rigid corporate structure with conventional-type offices. Very quiet working conditions where everyone is expected to be doing nothing but their work 100% of the time.

    Advice to Senior ManagementI would try to have more positive perks instead of parties. Instead of softball parties where not everyone is included, try a gym membership included in benefits or healthy cooking classes.

    No, I would not recommend this company to a friend

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    FAA Training Program

    FAA (Former Employee) New York, NY

    ProsDecent Training program for FAA program. Management was supportive in early months

    ConsFAA hurdles can be aggressive in the first few months unless you have one or two decent prospects lined up from the beginning

    No, I would not recommend this company to a friend

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
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    FAA program has very lofty goals

    Financial Advisor Associate (Former Employee) Ridgewood, NJ

    ProsThe starting salary is not bad for a training program. Your benefits start on day one. Offices are nice.

    ConsRevenue and asset goals are very high. training is a bit lacking to properly prepare FA's to succeed. Very high turnover in the program.

    Advice to Senior Managementcome up with a more reasonable and effective training program and you may have a more successful FAA program leading to a higher success rate.

    Yes, I would recommend this company to a friend

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    Business today has lost the apprenticeship aspect that built America to what it is today

    Client Service Associate (Current Employee) New York, NY

    ProsMorgan Stanley is one of the top firms to work for in the country

    ConsIn order to grow business, there has to be ability for young growth. That's hard to find here.

    Yes, I would recommend this company to a friend

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    It use to be a great place to work

    AML (Current Employee) New York, NY

    ProsFriendly co-workers, nice location and very few good bosses.

    ConsHeavy favoritism to people who come in the door but not to the individuals who have been with the company for years. Its all about who you know in management to get you there.

    There use to be a lot of perks at Morgan Stanley but sadly all of them have went away over the years.

    Advice to Senior ManagementHeavy turnover rate due to senior management overlooking long standing employees. They should start acknowledging the ones who have the most experience and do most of the work.

    No, I would not recommend this company to a friend

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    I had a great experience

    Intern (Former Employee) New York, NY

    ProsNice people, open minded, learning environment

    ConsFast paced, competitive, and late hours

    Advice to Senior ManagementInvolve interns a little more

    Yes, I would recommend this company to a friend

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    Good work life balance but below market compensation.

    Executive Director (Current Employee) New York, NY

    ProsReasonable hours, encourages philanthropy and volunteerism by employees, making an effort at diversity of women and minorities.

    ConsBelow market compensation which is the new normal and not likely to increase, most employees in support functions no longer eligible for bonuses, limited advancement opportunities.

    Advice to Senior ManagementPay your people or you will be left with only mediocrity.

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

     

    Disinterested Staff + Managers

    AML Analyst (Former Employee) New York, NY

    ProsGood location for offices, amicable co-workers

    ConsNo real drive for innovation in middle management, lacks clarity/determination to implement change.

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    Financial Advisor

    Financial Advisor (Former Employee) New York, NY

    ProsLarge suite of products to choose from

    ConsPoor support on buisness building, horrible technology,

    No, I would not recommend this company to a friend

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